Motor Insurance
Used Car Values On The Way Down
The sudden rise in used car values, driven largely by the billions of free furlough cash and Covid loans dished out by the UK govt, has peaked it seems. After an 80% rise in the […]
repairs
News
Motor Claims Inflation at 10%, Says Direct Line
The latest update from Direct Line Insurance highlights the rising cost of repairs, and the knock-on effect on claims overall. For consumers, it has to mean higher premiums from 2023 onwards in the Motor sector […]
Insurance claims
Is a Major Correction on Motor Premiums Due Soon?
The cost of living is just the same as the cost of repairing; higher wages, parts costs, overheads like energy, fuel etc. As WTW notes in this report, the average motor cliam can only head […]
Insurance claims
Is The Time Right For Insurers to Invest in Repair Centres?
Everyone in the insurance sector knows that car repairs are becoming more expensive, plus supply chain issues are delaying sourcing of parts. As this research highlights, the repair network itself is under strain – is […]
Motor Insurance
Car Claims Are Getting More Expensive, Says J.D Power
A record high number of serious collisions, skyrocketing used-vehicle prices and surging repair costs have created an unenviable scenario for auto insurers: raise rates or go out of business. It should come as little surprise […]
Insurance claims
IAA/SYNETIQ Appoints First Sustainability Manager
IAA, Inc. (NYSE: IAA), a leading global digital marketplace connecting vehicle buyers and sellers, today announced that its UK-based business unit, SYNETIQ Ltd., has appointed its first Sustainability Manager, Elisa Caton, (pictured) as it aims […]
Insurance Brokers
Tenant Reform Bill Could Be a Broker Opportunity
As the Queen’s Speech mentioned the Tenant Reform Bill again, it seems likely that landlord insurance will have to evolve slightly, depending on whether the key elements of the Bill make it through Parliament of […]
Motor Insurance
Price Inflation Causes Car Drivers to Re-Think Their Lifestyle
The cost of living crisis is affecting the vast majority of drivers’ motoring habits, with new research from Kwik-Fit showing that seven in ten (69%) motorists have changed their behaviour since the beginning of the […]